Splash Financial announced it raised $7 Million in an initial filing from an offering of $7 Million

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About

Splash Financial is a financial technology company based in Cleveland, Ohio, founded in 2013. It operates a marketplace that connects consumers with banks and credit unions for student loan refinancing and personal loans. The company aims to empower individuals to manage their debt more effectively by simplifying the loan process and offering competitive rates through its network of lending partners. Splash Financial specializes in refinancing options for both private and federal student loans, including Parent PLUS loans, and caters particularly to medical and health professionals. It also provides personal loans ranging from $1,000 to $100,000 with flexible terms and competitive APRs. The platform utilizes automated underwriting technology to streamline the loan application and approval process, ensuring a faster and more efficient experience for borrowers. With over 100,000 accounts opened and more than $6 billion in refinancing requests processed, Splash Financial has established itself as a leader in the student loan refinancing market. The company operates entirely online, allowing for quick prequalification and funding, often within one business day.